Twelve percent of Florida’s home mortgages are in foreclosure, the highest percentage of any state in the nation.
Florida still leads the nation in the percentage of home mortgages that are in foreclosure, according to CoreLogic’s foreclosure report for April.
According to the most recent data, 12 percent of Florida’s mortgages were in foreclosure in April. New Jersey ranked No. 2 with 6.7 percent of its mortgages in foreclosure, followed by Illinois with 5.3 percent; Nevada with 5.0 percent; and New York with 5.0 percent.
In April 66,000 foreclosures were completed across the nation, flat with the month of March and down from 78,000 in April 2011.
The percentage of mortgages in foreclosure in Florida was down 0.4 percent from April 2011.
The five states that logged the most completed foreclosures for the year ended in April 2012 were California with 142,000; Florida with 92,000; Michigan with 60,000; Texas with 58,000; and Georgia with 57,000, CoreLogic said.
Originally posted on the Miami Herald